Deutsche Bank on China EV sales: Jul shows strength of new product cycles
Following a price cut and a slew of new models, Nio's sales efficiency has improved materially and should maintain this level of demand for at least the rest of the third quarter, said Edison Yu's team.
BYD Jul sales breakdown: Song 51,258, Qin 44,695
The Song family sold 51,258 units in July, overtaking the Qin family and regaining its position as the best-selling BYD model.
Neta delivers 10,039 vehicles in Jul, down 17% from Jun
On July 20, Neta launched a facelift of its flagship sedan, the Neta S, with a starting price reduced by RMB 30,000.
BYD sells record 262,161 NEVs in Jul, exceeds 1.5 million units in Jan-Jul period
BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman previously said.
Nio delivers record 20,462 vehicles in Jul, new ES6 exceeds 10,000 units
Deliveries of the new ES6 have grown steadily since its launch in late May 2023, with monthly sales topping 10,000 units in July, Nio said.
Xpeng's deliveries improve further to 11,008 in Jul, G6 delivers over 3,900 units
Strong sales of the G6 drove a surge in showroom visits, which in turn increased customer enthusiasm for other Xpeng models and the smart technologies they come with, the company said.
Li Auto delivers record 34,134 vehicles in Jul, tops 30,000 mark for 2nd straight month
In the January-July period, Li Auto delivered 173,251 vehicles, up 144.62 percent year-on-year.
China EV insurance registrations for week ending Jul 30: Tesla 10,600, Li Auto 7,900, Nio 5,400, Xpeng 3,800
Between July 1 and July 30, Li Auto sold 32,500 vehicles, Nio 18,100, Xpeng 9,900, Tesla 31,300 and BYD 191,300 units.
Nio releases Aug purchase policy, no longer offers free battery swap option
Nio will no longer offer the RMB 30,000 option package that included free battery swap service, making the free service a thing of the past.
Huawei working with JAC on ultra-luxury Aito MPV, says Ming-Chi Kuo
JAC's major customer Nio's shipments in the second half of 2023 are expected to grow by about 100 percent from the first half, which will be a key growth driver for JAC in the second half of the year, Kuo said.